Definition of QDII

China's qualified domestic institutional investor (QDII) programme was announced in 2006 and officially launched in 2007. Under the scheme, Chinese domestic investors can gain access to foreign securities via a limited number of approved institutions that have been awarded quotas. In practice, the quotas have not been fully subscribed because the programme launched just before the global financial crisis.

QDII in the news

In January 2013, the People's Daily reported that there remained muted interest for QDII funds. " Mainland investors have always been skeptical about the profitability of QDII funds," said one person interviewed for the story. "These investment products, which allow mainland investors to take positions in financial products overseas via certain fund management insitutions were officially launched in late 2007 and suffered huge losses the following year, thanks to the global financial crisis."